Cyber & Technology
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IRM offers cyber risk guidance as survey finds risk managers ill prepared
Many companies are failing to adequately protect themselves against the threat of cyber criminals with over 70% of risk managers…
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Cyber cover in Germany an issue for medium-sized firms
Although cyber insurance is now available for a broad range of companies in Germany, medium-sized firms can still struggle to…
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Fears over cybercrime rising among EU consumers
Internet users in the EU are very concerned about cyber security, according to a Eurobarometer survey published last week.
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French companies may be forced to up cyber security game
French companies will be forced to play a bigger role in national cyber security efforts and ensure their IT systems…
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Cyber BI cover on the table as European market hots up
Insurers are increasingly willing to offer cover for cyber-related business interruption (BI) exposures as the industry looks to meet the…
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Intangible risk transfer advice deficient warns broker
Risk managers and their transfer partners must better manage and service intangible asset risks, including cyber, a leading broker has…
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Infrastructure under threat from cyber attacks and regulation
Critical infrastructure in the US is under increased pressure to protect vital systems and assets from outside cyber threats as…
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Axa launches non-damage cyber cover
AXA Corporate Solutions will tomorrow launch a new first and third party cyber insurance policy that covers both property and…
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Companies underestimating IT supply chain risk warns Marsh
Risk managers may be overlooking the threat of technology failures on supply chains, Marsh has warned, pointing to a survey…
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Corporate round-up
Allianz launches €50m cyber solution with access to IT forensic experts, ACE gets licence to open reinsurance business in Tunisia,…
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Recent progress in German cyber market no panacea say buyers
German industrial insurance buyers have often accused insurers of failing to provide the necessary cover for cyber risk, but in…
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Companies failing to make most of cyber standard 27001–survey
Just 35% of senior executives and IT professionals say their organisation is compliant with ISO 27001, the international best practice…
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Malmström welcomes latest EC package to battle cybercrime
EU Commissioner for Home Affairs, Cecilia Malmström, has welcomed a decision by the European Council to adopt rules to support…
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Car manufacturer blocks publication of cyber vulnerability
The University of Birmingham has agreed to defer the publication of an academic paper that highlights the vulnerabilities of antitheft…
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Majority of UK companies failing to manage BYOD and cloud computing risk
A vast number of UK companies are putting critical corporate data at risk by failing to properly protect information on…
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Stricter EU data protection rules appear a step closer as top politicians wade in
The EU's justice commissioner has thrown her weight behind calls from German chancellor Angela Merkel for tougher EU data protection…
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Cyber market hots up as AGCS and Zurich launch new coverages
In the wake of Edward Snowden's revelations over NSA data-collecting activities, the German cyber insurance market has seen the introduction…
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NSA scandal set to spark developments in cyber cover says leading broker
The scandal involving the US National Security Agency (NSA) will likely spark a change in cyber policies to cover loss…
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Growing use of cheap foreign IT equipment increasing UK cyber risk
Risk managers must beware that a trend for British companies to use cheap foreign IT equipment as budgets are squeezed…
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Immature cyber risk management placing UK business at risk
An immature approach to cyber risk management is placing organisations at risk with poor communication to senior management about the…
